Jan 29 (Reuters) - AWE Ltd AWE.AX :
* RECEIVED AN UNSOLICITED, NON-BINDING AND CONDITIONAL PROPOSAL FROM MITSUI & CO LTD TO ACQUIRE 100% OF SHARES IN AWE
* BOARD WILL EVALUATE MITSUI PROPOSAL AND PROVIDE SHAREHOLDERS WITH A RECOMMENDATION IN DUE COURSE
* BOARD ADVISES SHAREHOLDERS TO TAKE NO ACTION IN RELATION TO MITSUI PROPOSAL OR CERCG OFFER UNTIL THEY RECEIVE FURTHER ADVICE FROM AWE BOARD
* IF MITSUI PROPOSAL PROCEEDS, IT WOULD BE IMPLEMENTED BY WAY OF AN OFF-MARKET TAKEOVER BID FOR AWE
* RECEIVES $0.95 PER SHARE CASH PROPOSAL FROM MITSUI